Fred Alger Management, Inc is a large advisory firm based in New York. It manages $21.83 billion of regulatory assets for 1,986 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Fred Alger Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fred Alger Management, Inc is $21.83 billion. The firm's AUM has grown by 7% since the beginning of its operation, and $1.24 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Fred Alger Management, Inc for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Frederick Moulton Alger is investment companies with 28 clients and $15.79 billion of assets under management. Among the 6 most similar advisory firms, Fred Alger Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $21.83 billion for 1,988 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Fred Alger Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 115 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Frederick Moulton Alger has been acting as President since 1 Sep 2001. Llc Alger Group Holdings joined the executive team most recently as the Stockholder.
The principal office where Fred Alger Management, Inc performs its advisory services is located at 360 Park Avenue South, New York, NY 10010, which is also the mailing address of the firm. An additional office of the firm is in Jersey City, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-806-8800 or by fax 212-806-2994. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at alger.com and its LinkedIn profile.